418                     FEDERAL UNION INS. CO.
FEDERAL UNION INSURANCE COMPANY
Chicago, Illinois.
Home Office, 175 WEST JACKSON BOULEVARD.
[Incorporated 1908; commenced business August 4, 1908.]
Date of admission into Wisconsin, December, 1908.
President, V. F. MASHEK.
Vice Presidents, M. F. RITTENHOUSE, A. W. ELLENBERGER.
Secretary, F. H. OSBORN.
Treasurer. T. L. OSBORN.
CAPITAL STOCK.
Amount of capital paid up in cash ..................  $100,000 00
Amount of ledger assets December 31 of previous year .$199,931 05
INCOME.
Marine
Fire.     and inland.
Gross premiums ......                    $87,813 13   $77,272 09
Deduct gross amount paid for reinsur-
ance: fire, $14,976.54; marine and in-
land, $10,370.27; return premiums:
fire, $12,569.76; marine and inland,
$9,668.36 ..............................  27,546 30  20,038 63
Total premiums (other than per-
petuals) .......               .$60,266 83     $57,233 46  $117,500 29
Gross interest on mortgage loans, less $146.40 accrued
interest on mortgages acquired during the year       $2,811 10
Gross interest on bonds. and dividends on stocks, less
$193.97 accrued interest on bonds acquired during
the year.                                             3.846 03
Gross interest on deposits in trust companies and
banks .1,003 38
Total gross interest and rents.                                7,660 51
From agents' balances previously charged of.22 52
Gross increase, by adjustment, in book value of ledger assets:
Blonds                            .97 25
Total income .$125,280 57
Total footings .$325,211 62
DISBURSEMENTS.
Marine
Fire.     and inland.
Gross amount paid policyholders for
losses (including $15,835.07 occurring
in previous years) ....... ............  $51,329 72  $35,915 83
Deduct amount received for salvage:
fire, $386.98; marine   and  inland,
$6,055.70; reinsurance: fire, $13,752.15;
marine and inland, $10,033.64; dis-
count: fire, $155.62 ........ ...........  14,294 75  16,089 34
Net amount paid policyholders
for losses ......................  $37,034 97  $19,826 49   $56,861 46